Amber Enterprises India logo

Amber Enterprises India share price

NSE: AMBERBSE: 540902Consumer DurablesSmall Cap

Amber Enterprises India Limited · Face value ₹10 · Listed Jan 2018 · Issue price ₹859
Last close ₹6,205.00up ₹175.00 (2.90%)BSE ₹6,215.00

Share price at the NSE close on 28 Oct 2026. Previous close ₹6,030.00.

28 Oct: open ₹6,025.00, high ₹6,282.00, low ₹5,976.50

52-week range of traded prices to 28 Oct 2026
₹5,400.50Low, 27 Jan 2026₹8,974.00High, 7 May 2026
Market cap
₹21,884 Cr302nd largest listed
P/E
227.84
P/E without one-offs
84.90
P/B
5.01
Dividend yield
Nonein the last 12 months
ROE
2.9%
ROE without one-offs
7.7%
ROCE
7.5%
Debt to equity
0.47
Volume, NSE
2,36,89524.5% delivered

Amber Enterprises India share price chart

Daily closes since Jan 2018, adjusted for splits and bonuses

−27.2%over a year · Nifty Consumer Durables −10.2% · Nifty 500 −8.8%

Results20-session average 1,58,579 shares a day, 33.0% delivered

About Amber Enterprises India

Amber Enterprises India Limited is a business-to-business manufacturer, making products for other companies rather than for consumers, serving global multinational and Indian customers in consumer durables, electronics, and railway subsystems and defence.1 It makes room and commercial air conditioners and their components, assembles electronics, makes bare printed circuit boards, power electronics and industrial automation products, and supplies air conditioning systems for railways and metros.2

It is organised into 3 divisions: Consumer Durables, Electronics, and Railway Subsystems and Defence.3 IL JIN Electronics, in which Amber held 89.71% after a bonus issue on 17 Aug 2026, makes printed circuit board assemblies and box builds for other companies, and the wholly owned Sidwal Refrigeration Industries runs the railway division.452

It was incorporated in 1990.6 It bought Sidwal in 2 tranches in 2019 and 2020.5 Through IL JIN it bought 60% of Power-One Micro Systems, a Bengaluru power electronics maker, in August 2025, 80% of Shogini Technoarts, a Pune circuit board maker, in December 2025, and control of Unitronics, an industrial automation company listed in Tel Aviv, holding 50.4% by April 2026.789 Its promoters include Jasbir Singh, its Executive Chairman and Chief Executive Officer, and Daljit Singh, its Managing Director.10

Amber Enterprises India key points

Results

  • In the quarter to Jun 2026, consolidated revenue rose 13% to ₹3,888 crore and operating EBITDA (profit before interest, tax, depreciation, stock option costs and non-operating items) rose 28% to ₹337 crore, excluding about ₹15.35 crore of extra cost from revalued acquired inventory.1112
  • Adjusted profit after tax, as the company presents it before a one-off loss of ₹123 crore, rose 19% to ₹126 crore in the quarter to Jun 2026 from ₹106 crore a year earlier.13
  • In the year to Mar 2026, consolidated revenue rose 22% to ₹12,186 crore from ₹9,973 crore, and operating EBITDA rose 22% to ₹970 crore.14
  • Reported profit after tax for the year to Mar 2026 was ₹226 crore, against ₹251 crore a year earlier, after a one-off impairment of its investment and loan in Shivaliks Mercantile and its share of that company's loss.15

Business segments

  • Revenue by division, the company's divisional view rather than its reported segments1617
    Itemyear to Mar 2026
    Consumer Durables₹8,383 crore, up 14%
    Electronics₹3,268 crore, up 49%
    Railway Subsystems and Defence₹535 crore, up 19%
  • Revenue by division, quarter to Jun 2026, against a year earlier18
    Itemquarter to Jun 2026quarter to Jun 2025
    Consumer Durables₹2,758 crore₹2,560 crore
    Electronics₹985 crore₹766 crore
    Railway Subsystems and Defence₹144 crore₹123 crore
  • Railway Subsystems and Defence operating EBITDA fell 26% in the quarter to Jun 2026, from ₹22 crore to ₹16 crore, which the company attributes to product mix, commodity inflation and a minimum wage revision.19
  • Electronics runs 3 businesses: contract electronics assembly (EMS, electronics manufacturing services), bare printed circuit boards (PCBs), and industrials and automation.20

Revenue mix

  • Consumer Durables split, room air conditioners (units plus components) against other products, the company's usual range21
    Itemquarter to Jun 2026
    Room air conditioners and their componentsabout 75%
    Other productsabout 25%

Plants and capacity

  • At 31 Mar 2026 the group ran 37 manufacturing facilities in India and abroad, 16 operated by Amber itself and 21 by subsidiaries and group entities. It added 7 in the year to Mar 2026, 3 through acquisitions, while closing or consolidating others.22
  • As of its earnings call of 14 Aug 2026, the new Faridabad plant of Sidwal, Amber's wholly owned railway subsidiary, making railway air conditioning, pantry, door and gangway systems, was operational.2324

Order book

  • The Railway Subsystems and Defence division had an order book (orders received but not yet delivered) of more than ₹2,750 crore with its results for the quarter to Jun 2026.25

Expansion and capital spending

  • The company stated in its annual report for the year to Mar 2026 that subsidiary Ascent Circuits has ECMS approval (a government incentive for electronic components) to invest ₹991 crore in multi-layer circuit boards at Hosur, and Ascent-K Circuit ₹3,215 crore in HDI (high-density) boards.26
  • On its earnings call of 14 Aug 2026, the company said it expects the Hosur plant to be running in the year to Mar 2027 and trial production at its planned HDI plant at Jewar, Uttar Pradesh, about 18 months from the call.2728
  • On its earnings call of 14 Aug 2026, the company said it expects trial production of mobile phones in the quarter to Mar 2027 and commercial production the quarter after, starting at around 8 million units in the first year.29
  • In its presentation of 14 Aug 2026, the company said the plant of its railway joint venture with Yujin Machinery is ready and commercial production is expected in the half year to Mar 2027, after approval from RDSO, Indian Railways' standards body.25

What the company expects

  • On its earnings call of 14 Aug 2026, the company said it expects Railway Subsystems and Defence revenue to grow 30% to 35% in the year to Mar 2027, with margins of about 15% to 16% for the division.30
  • On its earnings call of 14 Aug 2026, the company said it expects Consumer Durables revenue in the year to Mar 2027 to grow in line with the room air conditioner industry, at 13% to 15%.31

Recent events

  • On 18 Oct 2026, Amber's subsidiary IL JIN Electronics agreed share swaps to buy the remaining 40% of Power-One Micro Systems and the remaining 1.50% of Ascent Circuits, which would make both wholly owned.3233
  • On 18 Sep 2026, Amber incorporated Amber Digital Technologies, a wholly owned subsidiary set up to manufacture mobile phones.3435
  • Amber's subsidiary IL JIN Electronics raised its stake in Ascent Circuits, a Bengaluru printed circuit board maker, from 60% to 98.50%, buying 37.5% on 19 Jun 2026 and 1% on 3 Jul 2026.3637
  • On 18 Jun 2026, Amber signed an agreement with Oppo Mobiles India to manufacture mobile phones for the OPPO, OnePlus and Realme brands, its entry into phone manufacturing.3839

Last updated

All 39 sources, each with its page
  1. 1. Annual report, 25 Aug 2026, page 5
  2. 2. Annual report, 25 Aug 2026, page 102
  3. 3. Annual report, 25 Aug 2026, page 102
  4. 4. Exchange filing, 17 Aug 2026, page 1
  5. 5. Annual report, 25 Aug 2026, page 123
  6. 6. Annual report, 25 Aug 2026, page 3
  7. 7. Annual report, 25 Aug 2026, page 26
  8. 8. Annual report, 25 Aug 2026, page 27
  9. 9. Annual report, 25 Aug 2026, page 124
  10. 10. Annual report, 25 Aug 2026, page 258
  11. 11. Earnings call, 14 Aug 2026, page 3
  12. 12. Investor presentation, 14 Aug 2026, page 7
  13. 13. Investor presentation, 14 Aug 2026, page 7
  14. 14. Annual report, 25 Aug 2026, page 13
  15. 15. Annual report, 25 Aug 2026, page 13
  16. 16. Annual report, 25 Aug 2026, page 12
  17. 17. Annual report, 25 Aug 2026, page 13
  18. 18. Earnings call, 14 Aug 2026, page 5
  19. 19. Earnings call, 14 Aug 2026, page 5
  20. 20. Earnings call, 14 Aug 2026, page 7
  21. 21. Earnings call, 14 Aug 2026, page 17
  22. 22. Annual report, 25 Aug 2026, page 114
  23. 23. Earnings call, 14 Aug 2026, page 4
  24. 24. Annual report, 25 Aug 2026, page 123
  25. 25. Investor presentation, 14 Aug 2026, page 19
  26. 26. Annual report, 25 Aug 2026, page 104
  27. 27. Earnings call, 14 Aug 2026, page 16
  28. 28. Annual report, 25 Aug 2026, page 115
  29. 29. Earnings call, 14 Aug 2026, page 3
  30. 30. Earnings call, 14 Aug 2026, page 8
  31. 31. Earnings call, 14 Aug 2026, page 14
  32. 32. Exchange filing, 18 Oct 2026, page 1
  33. 33. Exchange filing, 18 Oct 2026, page 1
  34. 34. Exchange filing, 6 Oct 2026, page 1
  35. 35. Exchange filing, 6 Oct 2026, page 2
  36. 36. Annual report, 25 Aug 2026, page 26
  37. 37. Annual report, 25 Aug 2026, page 119
  38. 38. Exchange filing, 18 Jun 2026, page 2
  39. 39. Annual report, 25 Aug 2026, page 120

Results

Consolidated; ₹ crore.Amber Enterprises India quarterly results

Revenue growth, 12 months
+14.6%
Net profit growth, 12 months
−65.1%

Quarter to Jun 2026, against the quarter before

Revenue
₹3,888 Crdown 6.26%
Net profit
₹3.09 Crdown 98.09%
Net margin
0.1%

Revenue by quarter

₹1,685 CrSep 24₹2,133 CrDec 24₹3,754 CrMar 25₹3,449 CrJun 25₹1,647 CrSep 25₹2,943 CrDec 25₹4,148 CrMar 26₹3,888 CrJun 26
Peak revenue ₹4,148 Cr, quarter to Mar 2026; lowest ₹1,647 Cr, quarter to Sep 2025

Net profit by quarter, a loss in red

  • Net profit
  • Loss
₹21 CrSep 24₹37 CrDec 24₹118 CrMar 25₹106 CrJun 25−₹32 CrSep 25−₹9.34 CrDec 25₹162 CrMar 26₹3.09 CrJun 26
A loss in 2 of the 8 quarters shown
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue1,6852,1333,7543,4491,6472,9434,1483,888
Net profit2137118106−32−91623
Net margin1.2%1.7%3.2%3.1%−2.0%−0.3%3.9%0.1%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Consumer Durables Division₹8,563 Crup 14.60%69.2%
  • Electronics Division₹3,268 Crup 48.98%26.4%
  • Railway Sub-system & Defense Division₹535 Crup 19.01%4.3%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Amber Enterprises India PE ratio and valuation

Price to earnings

At or below today's level on 45% of 1,841 trading days since Nov 2018.

LowestHighest
Its median88.99Industry median32.01
Price to book

At or below today's level on 36% of 1,862 trading days since Nov 2018.

LowestHighest
Its median5.85Industry median3.83
Dividend yield

At or below today's level on 84% of 2,116 trading days since Apr 2018.

LowestHighest
Its median0.00%Industry median0.57%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−9.2%−29.9%+29.6%0.0%
3 years+53.1%+1.3%+51.2%0.0%
5 years+14.6%+15.8%−1.1%0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2026.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Amber Enterprises India shareholding pattern

Shareholding by group

  • Promoters38.09%
  • Foreign institutions20.61%
  • Indian institutions29.77%
  • Individuals and others11.54%
Holder
Jasbir SinghPromoter20.02%
Daljit SinghPromoter17.22%
HDFC LIFE INSURANCE COMPANY LIMITEDInsurance companies2.14%
SBI LIFE INSURANCE CO. LTDInsurance companies2.07%
GOVERNMENT PENSION FUND GLOBALForeign portfolio investors, category I1.29%
TOUCHSTONE STRATEGIC TRUST - TOUCHSTONE SANDS CAPIForeign portfolio investors, category I1.17%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +0.13 pts, Indian institutions −0.78 pts, mutual funds −1.49 pts.

Mutual fund holdings

178 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 61 of the 78 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 178 funds holding Amber Enterprises India

Bought for the first time
6
Bought again
3
Added
30
Cut
48
Held unchanged
90
Sold out
10
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.Amber Enterprises India insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade · 32 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Amber Enterprises India competitors and peers

Household Appliances, 26 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Amber Enterprises India in market cap.Consumer durables companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
LG Electronics India logoLG Electronics IndiaLGEINDIA1,14,75362.8914.97––23.8%28.4%0.00%
Voltas logoVoltasVOLTAS33,48274.545.25+3.8%−30.6%7.0%8.8%0.40%
Blue Star logoBlue StarBLUESTARCO32,85764.529.58+5.9%−6.3%15.7%17.5%0.53%
Crompton Greaves Consumer Electricals logoCrompton Greaves Consumer ElectricalsCROMPTON13,136–4.33+12.1%−137.2%−5.5%20.4%1.47%
V-Guard Industries logoV-Guard IndustriesVGUARD11,53531.624.86+13.4%+26.4%16.3%20.4%0.57%
Whirlpool of India logoWhirlpool of IndiaWHIRLPOOL10,55142.052.54+6.0%−30.5%6.2%4.8%0.60%
TTK Prestige logoTTK PrestigeTTKPRESTIG7,30237.923.69+16.2%+100.1%10.0%11.5%1.41%
Eureka Forbes logoEureka ForbesEUREKAFORB6,22334.391.35+12.5%+5.8%4.0%5.4%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Amber Enterprises India dividend history

Dividend per share, ₹, restated for later splits and bonuses

Mar 18Mar 193.2Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Highest ₹3.20 a share, year to Mar 2020.
Ex-dateTypePer share
26 Mar 2020Interim₹1.60
19 Nov 2019Interim₹1.60
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Amber Enterprises India announcements

  1. Oct 2026

Amber Enterprises India annual report, year to Mar 2026

Amber Enterprises India share price by year

Each calendar year to 2025.Amber Enterprises India share price history

YearClose at year endChangeHighest closeLowest close
20256,387.00−13.5%8,526.505,514.25
20247,387.55+135.6%7,867.703,106.30
20233,135.40+65.8%3,396.651,790.95
20221,891.30−43.0%3,915.501,870.20
20213,316.20+40.9%3,678.202,386.30
20202,352.80+110.6%2,462.251,004.65
20191,117.15+23.4%1,133.20631.80
2018905.05–1,276.10837.10
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2018 is from its first session, 30 Jan 2018.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 20265,885.006,101.005,873.506,030.006,017.062,30,29239.2%
26 Oct 20265,974.006,015.005,863.005,908.005,919.661,70,69041.2%
23 Oct 20266,207.506,225.505,911.506,004.505,993.362,55,04935.1%
22 Oct 20266,316.006,389.506,180.006,180.006,281.281,17,28621.7%
21 Oct 20266,568.006,580.506,284.006,340.006,370.641,02,83435.2%
19 Oct 20266,695.006,725.006,501.006,529.506,594.5667,19328.9%
16 Oct 20266,756.006,756.006,616.506,668.006,685.221,16,45633.4%
15 Oct 20266,644.006,733.006,601.006,690.006,655.281,13,53334.8%
14 Oct 20266,677.006,699.006,589.506,645.006,653.4976,99723.2%
Prices in ₹ per share as traded, not adjusted.

Company details